§ 5.33.070. Investments and loan assignments.  


Latest version.
  • A lender may not make investments that are backed by any home loan that violates this chapter. Any person who purchases or is otherwise assigned a home loan is subject to all claims, actions and defenses related to that home loan that the borrower, the City Attorney, or others could assert against the original lender.

(Ord. 12361 § 2 (part), 2001)